Avantax Advisory Services Inc. Sells 8,251 Shares of TotalEnergies SE (NYSE:TTE)

Avantax Advisory Services Inc. trimmed its position in TotalEnergies SE (NYSE:TTE - Free Report) by 14.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 50,364 shares of the company's stock after selling 8,251 shares during the period. Avantax Advisory Services Inc.'s holdings in TotalEnergies were worth $2,745,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in TotalEnergies during the 4th quarter worth about $156,044,000. Franklin Resources Inc. lifted its position in TotalEnergies by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock valued at $273,323,000 after acquiring an additional 1,546,866 shares in the last quarter. Barclays PLC lifted its position in TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after acquiring an additional 490,187 shares in the last quarter. FMR LLC lifted its position in TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company's stock valued at $804,211,000 after acquiring an additional 324,033 shares in the last quarter. Finally, DRW Securities LLC lifted its position in TotalEnergies by 134.5% in the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company's stock valued at $4,149,000 after acquiring an additional 250,427 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTE has been the topic of several recent analyst reports. Morgan Stanley reissued an "equal weight" rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Finally, Piper Sandler dropped their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.42.

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TotalEnergies Trading Up 1.3 %

NYSE TTE traded up $0.81 during trading on Wednesday, hitting $64.14. 1,521,226 shares of the company's stock traded hands, compared to its average volume of 1,669,020. The stock has a fifty day moving average of $59.94 and a two-hundred day moving average of $61.22. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 12-month low of $53.29 and a 12-month high of $74.97. The firm has a market cap of $153.79 billion, a P/E ratio of 9.63, a PEG ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, sell-side analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.